The MLA imposes a wide range of limits and conditions on consumer credit extended to borrowers that are covered

The MLA imposes a wide range of limits and conditions on consumer credit extended to borrowers that are covered The MLA imposes a quantity of extra restrictions and conditions on credit rating extended to covered borrowers. These pertain to: (1) rolling over, renewing, repaying, refinancing, or consumer that is consolidating extended towards the covered debtor by exactly the same creditor; (2) dispute resolution procedures; and (3) re re payment conditions and terms. DISCLOSURES The creditor must provide the borrower with...

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